LONDON—New data show the United Kingdom saw a 24% year-on-year increase in fintech investments in the first half of 2022, despite a global slowdown in funding, according to data compiled by Innovate Finance, the industry body representing the fintech community in the U.K.
U.K.-based fintech firms received $9.1 billion in investment spread across 294 deals compared to $7.3 billion across 375 deals in the first half of 2021, Fintech Futures stated in its analysis.
The total capital invested in fintech globally hit $59 billion in H1 2022 – flat year-on-year compared to 2021.
The $59 billion of capital invested was spread across 3,045 deals – slightly less than last year – which saw 3,401 deals in its first half, Fintech Futures said.
The U.S. has received the most investment in the first half of this year, bringing in $25 billion, with the U.K. ranking second with $9.1 billion. India came third at $3.9 billion, Germany fourth at $2.4 billion and France fifth at $2.3 billion.
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